Renaissance, a leader in pre-K–12 education technology, entered a definitive agreement (subject to certain regulatory approvals) to acquire GL Education, a provider of formative assessments for schools and school groups in the United Kingdom, Ireland, and over 100 countries worldwide. The combined company will deliver differentiated insights to enhance students’ achievement and growth.
Founded in 1980 and based in London, England, GL Education (known in the UK and Ireland as GL Assessment) was created to help educators ensure children realize their full potential with a “whole-child” approach to formative assessment. Today, it delivers over 9 million assessments annually to schools and school groups in over 100 countries, providing educators with an accurate measure of their students’ abilities and academic progress—as well as identifying barriers to learning they may have. GL Education’s formative assessments are rigorous, academically sound, and in line with best practice in education.
“Worldwide, educators face evolving challenges as we pivot out of the height of the COVID-19 pandemic,” said Chris Bauleke, Chief Executive Officer at Renaissance. “Educators and leaders need accurate data on each one of their students to not only inform instruction, but to foster growth. Our integrated solutions empower teachers and administrators to manage learning progress and leverage data to impact student learning. We look forward to welcoming GL Education’s team and customers to the Renaissance family and expanding our ability to provide a complete view of every student’s academic progress.”
Those already using GL Education’s assessments will continue to receive the support they expect and value. Educators using Renaissance’s solutions can look forward to learning more about GL Education in the coming weeks
“GL Education and Renaissance share a vision that technology and data can be powerful tools to enable educators to build teaching and learning around the needs of every child, and to make the schools and school groups they work in ever more effective,” said Greg Watson, Chief Executive at GL Education. “We look forward to GL Education and Renaissance coming together to unlock even greater impact for technology and data all around the world.”
“Both Renaissance and GL Education have done an exceptional job harnessing technology and data to enable educators to provide students with personalized, data-driven learning solutions,” said Jason Brein, Partner at Francisco Partners, and Eli Nagler, Sr. Managing Director at Blackstone. “Combining these two businesses will enhance their ability to holistically serve the rapidly evolving needs of today’s classrooms, and we are excited to increase our equity investment to fund the platform’s growth.”
Source: PR Web